The company expands all of its business lines into Boise, while adding to its portfolio of residential properties under management
BOISE, Idaho, March 30, 2021 – Atlas, a full-service real estate company specializing in investment brokerage, property management and institutional acquisition, has acquired Advanced Asset Management, a property management company based in Boise, Idaho. The acquisition provides residents, homebuyers and real estate investors in the Boise metro area with a full suite of investment-focused real estate services including brokerage and property management.
“Over the past decade it has been the Atlas mission to Uplift Humanity Through Real Estate, that means helping first-time homebuyers, as well as educating homeowners on their ability to save for retirement and build generational wealth,” explains Vincent Deorio, Vice President, Corporate Development for Atlas Real Estate. “This acquisition is the first step in bringing that mission to the Boise metro area, one of the strongest real estate markets in the country.”
“Atlas will continue to provide the same exceptional level of service to residents and investors in the Treasure Valley,” says Andy Gearhart, owner of Advanced Asset Management. “Our goal for Advanced Asset Management was always to provide high-touch service, so when we connected with Atlas and saw the same service model, we knew we found a winner.”
Boise’s pro-business economy and booming real estate market attracted Atlas to Idaho’s state capital. There are no rent taxes in Boise, property taxes remain relatively low, and the job growth rate stands at 3.6%. According to Zillow, home-price appreciation recently entered the double digits in the metro, with prices growing 10.5% over the past 10 years. Currently, the median home price in Boise is $419,000. Cap rates for the top 10% of real estate investment sales in the region averaged approximately 3.6%, while rents soared 13.5% year-over-year.
Atlas gains a presence in five states and eight metros nationwide, bringing the total number of residential units under management to more than 4,200. Since its inception in 2013, Atlas has been recognized as a leader in the real estate industry. The Denver Business Journal named Atlas as a Fast 50 Honoree, Bank of America selected Atlas as one of its Colorado Companies to Watch, and ColoradoBiz Magazine honored the firm with a Best of Colorado: Property Management and Best Residential Real Estate Agency award in 2020.
About Atlas Real Estate
Atlas Real Estate is a full-service real estate company specializing in investment services, property management and institutional acquisitions. A buy/sell brokerage, Atlas is also a Zillow Offers Partner Agent. Since its inception in 2013, Denver-based Atlas Real Estate has made a commitment to Uplift Humanity Through Real Estate. With offices in eight markets nationwide, Atlas transacts over $1 billion in real estate annually and manages more than 4,200 residential units. Atlas has been recognized by leading media outlets as one of the Best Places to Work, the Best Property Management Company and a Top Company in Real Estate. To learn more about Atlas, visit www.realatlas.com.